03 March 2016

IGW parent company BMT Group acquires Belgian supplier for the automotive industry VCST

VCST Website IGW

 

Our parent company, BMT Group, has acquired VCST, a Belgian supplier for the automotive industry. BMT Group is an industrial family-owned holding which participates in companies throughout the world that are active in high-precision machining of gears and transmissions on the one hand, and the manufacturing of moulds for hollow glassware and the design and setup of flat-glass lines and glass furnaces on the other.

VCST is a world-class automotive supplier of precision-machined powertrain and brake components for Automotive OEM’s and Tier 1 suppliers. The company realized a turnover of 169 million euro in 2015 and employs 1250 full time employees. VCST has production facilities in Belgium, China, Germany, Mexico and Romania, with its headquarters located in Belgium. The company has a diversified blue-chip costumer portfolio, including Audi, Caterpillar, Continental, Cummins, DAF, General Motors, Punch Powertrain and Volkswagen, among others.

BMT Group will bring VCST into one division with IGW. By joining forces both companies will be able to strengthen their position, not only in Europe but also worldwide. And the future exchange of technological knowhow and supply chain experience will surely aid us to further develop into the first choice for customized solutions, worldwide.

You can download the official press release here

 

For more information, please contact;

Laurens Sanders (Communication Officer)

T             +32 (0) 50 83 32 22
M           +32 (0) 490 57 13 46
E             laurens.sanders@igwpower.com